News
NEOM Launches Accelerator To Support Saudi Entrepreneurs
The program will support small to medium enterprises and innovative businesses.
A new accelerator program called Seven Senses has been launched by the social responsibility department of NEOM, Saudi Arabia’s hyper-futuristic city development.
The program will support SMEs, as well as craftsmen and other professionals, with the aim of driving innovation and change in the NEOM and Tabuk regions.
نسعى لنترك أثرًا ونغيّر واقعًا ونبني مستقبلًا بجهودٍ مشتركة ومواهب شابة وأفكارٍ لا حدود لها، لنلهم بها غيرنا ونضع بصمتنا في يوم #المسؤولية_الاجتماعية #نلتزم_بمسؤوليتنا_الاجتماعية #نغير_الحاضر pic.twitter.com/EoOXPIDy9m
— المسؤولية الاجتماعية في نيوم (@NEOM_CSR) March 23, 2023
The accelerator program is welcoming applications until May 14. Although the Seven Senses program is open to anyone, officials are keen to encourage media, arts and culture, food, clothing, and new media projects.
The program will begin with a two-day entrepreneurial boot camp on May 28, where 150 entrepreneurs will receive training in business building, marketing, and attracting investors. After that, participants will present their ideas to an expert panel to compete for a place in the accelerator, held between late May and August.
Also Read: How To Create An Effective GPS Tracking Solution In The Middle East
“The idea of the NEOM accelerator program Seven Senses, which was designed after extensive studies of the market reality, came to support entrepreneurs and owners of emerging companies in the regions of NEOM and Tabuk through scientific and practical paths that contribute to developing their capabilities,” says Meshari Al Mutairi, Executive Director of Government Affairs at NEOM.
After completing the program, participants will enjoy priority access to entrepreneurial opportunities in the NEOM area, as well as lucrative investment opportunities.
News
NASA Forms New Partnership With Saudi Space Agency
The pair will collaborate on the Center for Space Futures, advancing space tech by bringing together public and private stakeholders.
Saudi Arabia’s space industry is on the brink of substantial expansion after generating $400 million in revenue in 2022, according to a report by the Saudi Communications, Space and Technology Commission.
Now, in a new venture with NASA, plans for a “Center for Space Futures” are set to further drive the Kingdom’s aspirations of becoming a leading player in space exploration and technology.
Capturing moments from the joint delegation visit with leaders from the Saudi and American Space Agencies @NASA to @PSU_RUH, along with scenes showcasing the audience's engagement. pic.twitter.com/oB1cFTiRNl
— وكالة الفضاء السعودية (@saudispace) May 14, 2024
The partnership between NASA and Saudi Arabia goes beyond economic advantages. The pair have already cooperated on preliminary work for the Artemis II lunar mission, which is slated for a September 2025 launch and aims to land astronauts near the moon’s South Pole.
Also Read: Plans Underway For Massive Middle East Autonomous Freight Network
During a visit to the capital, Riyadh, NASA Administrator Bill Nelson emphasized in a TV interview the broader objectives of the collaboration, which encompass “returning to the moon and then [to] Mars” while utilizing space exploration to glean important insights into climate change. The NASA spokesman also reiterated the space agency’s dedication to collaborating with Saudi Arabia on other future ventures.
-
News2 weeks ago
UAE Stores May Soon Accept Payments Through Your Palm
-
News2 weeks ago
chatlyn Unveils Hospitality Chatbot At Arabian Travel Market 2024
-
News2 weeks ago
Orchid Plans To Find Out What’s Wrong With You Before You’re Born
-
News1 week ago
Apple Announces New iPad Pro With M4 Chip And Updated iPad Air